I’m a 28 year old living in Washington DC suburbs (life can be a bit expensive here). I’ve managed to get a good job reeling in around 152k a year before taxes and before bonuses. I have myself budgeted right now to put away about 5kish a month. I have 50ish or so in savings, my dilemma is-
I’m going to be nearing the 100k savings mark pretty soon here and I’m unsure if it’s fiscally more responsible to use that money towards a down payment on a home or to dump it all in a fund. My rent right now is about 750 a month (lived in the same house with roommates for 5 years now). Maybe the answer is both? What do you guys think. Thanks!
original posted by Key_Resolution2938 to r/personalfinance on Tue, 05 Mar 2024 11:23:41 GMT.